NATURAL ALTERNATIVES INTERNATIONAL INC

Natural Alternatives International, Inc. (NAI) filed its annual 10-K report. The company reported net sales of $142.5 million for fiscal year 2026, an increase from $129.9 million in fiscal year 2025. Private-label contract manufacturing remains the primary revenue driver, contributing $134.6 million in fiscal year 2026. Patent and trademark licensing revenue was $7.9 million. The company also noted an increase in research and development expenses to $2.3 million. NAI confirmed its status as a non-accelerated filer and smaller reporting company.

Natural Alternatives International, Inc. reported a net loss of $4.3 million, or $0.72 per diluted share, for the third quarter of fiscal year 2026, an increase from $2.2 million loss in the prior year, despite a 23% rise in net sales to $35.5 million. The loss was primarily attributed to underutilization of factory capacities. For the nine months ended March 31, 2026, the company posted a net loss of $7.2 million on net sales of $108.0 million. The company also announced a new Loan and Security Agreement with Legacy Corporate Lending, LLC, providing an $11.0 million term loan and a $20.0 million working capital line to support anticipated sales growth and strategic initiatives.

Natural Alternatives International Inc. reported a net loss of $(4.31) million for the three months ended March 31, 2026, worsening from a net loss of $(2.19) million in the prior year, despite net sales increasing to $35.48 million. For the nine-month period, net sales rose to $108.01 million, but the company's net loss also widened to $(7.16) million. The company experienced a significant decrease in cash and cash equivalents and increased its line of credit borrowing.

Michael E. Fortin has resigned as Chief Financial Officer of Natural Alternatives International, Inc., effective May 15, 2026. He is departing to take on a CFO role with increased responsibilities at another company. Kenneth E. Wolf, the company's President and former Chief Financial Officer, will assume the roles of Principal Financial and Principal Accounting Officer on an interim basis while the company seeks a permanent replacement.